[After platinum surged to a high of $1,300 and then corrected, it has risen by 40% this year, still emphasizing its industrial attributes] ①After gold prices have accumulated a certain increase, platinum prices are considered undervalued in comparison, offering investment value. ②The demand for platinum in hydrogen energy applications exhibits significant growth elasticity, and the industrial demand for platinum will maintain a stable growth pattern, but the incremental space may become limited as traditional industries slow down. (Finance Link)

[World Platinum Investment Council: Platinum Market Expected to Face Third Consecutive Shortage in 2025, Currently Estimated at 26 mt] The World Platinum Investment Council (WPIC) released the Q4 2024 and full-year "Platinum Quarterly" on March 5 and revised its forecast for 2025. The market is expected to face a third consecutive shortage in 2025, with the deficit deepening, currently estimated at 26 mt. Demand in 2025 is expected to decrease by 5% to 244 mt, though it will remain well above the five-year average since 2020, while total supply is expected to decline YoY by 4% to 218 mt.

Platinum Group Metals (PGMs) fall under the category of rare metals, distinguished by their wear resistance and high-temperature resilience. Their primary application lies in the realm of automotive exhaust catalysts.

A surge in platinum demand, especially from the industrial sector, will exacerbate the global platinum supply deficit in 2023, the World Platinum Investment Council (WPIC) said.

The WPIC said that due to power supply risks and operational challenges, global platinum supply is expected to grow by only 3% in 2023.

The global platinum supply-demand gap will be deeper than previously expected in 2023 due to strong industrial demand and could persist for years, the World Platinum Investment Council (WPIC) said in its latest Platinum Quarterly on Wednesday.